The Goldman Sachs Group Lowers GXO Logistics (NYSE:GXO) Price Target to $54.00

GXO Logistics (NYSE:GXO) had its target price reduced by research analysts at The Goldman Sachs Group from $63.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 20.29% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Barclays decreased their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Susquehanna dropped their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. Oppenheimer lifted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, UBS Group increased their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.38.

GXO Logistics Trading Up 3.1 %

Shares of GXO stock opened at $44.89 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 1.10 and a beta of 1.60. GXO Logistics has a 1 year low of $41.38 and a 1 year high of $63.33. The firm has a fifty day moving average price of $51.18 and a 200-day moving average price of $52.17.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. As a group, equities analysts predict that GXO Logistics will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors have recently modified their holdings of GXO. DekaBank Deutsche Girozentrale purchased a new stake in GXO Logistics during the 3rd quarter valued at $28,000. UMB Bank n.a. increased its position in GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after acquiring an additional 331 shares during the last quarter. Signaturefd LLC raised its stake in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the period. Hara Capital LLC bought a new stake in shares of GXO Logistics in the 3rd quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.